Latest News |
Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions 10 December 2019 |
Nippon Steel to Shutter More Blast Furnaces to Reduce Cost 10 December 2019 |
Nigeria eyes January memorandum to revive Ajaokuta Steel 10 December 2019 |
JSW’s crude steel production declines 7% in November 10 December 2019 |
Lebanese nine-month bar imports, scrap exports slump 10 December 2019 |
![]() |
![]() |
![]() |
|
![]() |
Six weeks to adapt to new steel measures (Malaysia)
Source: The Star, July 29, 2009
Liberalisation of the iron and steel sector will become effective on Aug 1
Industry players are given six weeks to adapt to the new measures to liberalise the iron and steel sector which will become effective on Aug 1.
According to International Trade and Industry Minister Datuk Mustapa Mohamed, industry players had voiced their concerns about the implementation of these measures.
“We will impose a reduction of import duties on Aug 1 on flat steel products from 50% to 25%,” he told reporters after the Miti Annual Dialogue 2009 yesterday.
He said industry players were concerned and wanted to postpone the implementation of the certificate of approval, which was enforced by Sirim, to prevent the influx of sub-standard products into the country.
Datuk Mustapa Mohamed ... ‘If it is difficult, we will review the ruling that has been fixed.’
“We don’t think there would be any problems. But they (industry players) think there might be problems.
“Let it be. Give it a chance. Put this new enforcement in place. Within six weeks we will meet them again. If it is difficult, we will review the ruling that has been fixed,” he said.
To prevent the influx of sub-standard products into the country, the Government has agreed to implement mandatory standards for imported and locally produced long and flat products in stages from Aug 1.
Mustapa said the issue of foreign workers was also raised at the meeting.
“The issue was raised by not less than 13 associations. We will compile all the issues that have been raised and will meet with the Home Ministry to discuss them,” he said.
The morning session of the dialogue focused on the industrial sub-sectors of machinery, metals, wood and wood-based products, transport equipment and processed foods. It involved 19 memoranda where 77 issues were discussed. The 2?-day dialogue session had a total of 63 memoranda involving 295 issues raised by 157 associations.